Redlend Weekly 07
Edition 07 - 7 September 2026
I hope you’ve all had a great weekend.
We spent the weekend at Lake Eppalock with extended family. Its good to sit around an open fire, even if the Victorian weather kept us undercover more than I would have liked.
A beautiful fathers day with my wife and kids, handmade cards and the school fathers day stall gifts always bring me happiness.
As always, I’ve also been working on ways to improve the information and content we provide to our clients. If you haven’t already, have a look at our Instagram page for regular tips, updates and property insights. Our posts have been getting a few views lately so well worth a look.
Talk soon!
Adam
This Week…
Mortgage Brokers Hit a New Record
Don't Just Ask Your Bank
Property Spotlight in Kingsbury.
Suburb Spotlight in Kingsbury.
Mortgage News
Mortgage Brokers Hit a New Record
More Australians are choosing mortgage brokers than ever before. Mortgage brokers facilitated a record 81.6% of all new residential home loans during the June 2026 quarter which is the highest market share ever recorded in Australia.
That means more than four out of every five Australians taking out a new home loan are choosing to work with a broker.
The growth has been significant. Broker market share was 77.6% just one year ago and 53.9% eight years ago.
Why are more Australians using mortgage brokers?
With lending policies, interest rates and borrowing requirements constantly changing, finding the right home loan isn't always as simple as walking into your existing bank.
For many borrowers, having someone help navigate the options, compare lenders and understand how different policies may apply to their situation has become increasingly valuable.
The record market share shows that more Australians are choosing to have someone in their corner when making one of their biggest financial decisions and that is exactly where Redlend Home Loans can help.
Mortgage Tip
Don't Just Ask Your Bank
Your bank can only offer you its own home loans.
Before committing to a mortgage, it can be worth understanding how other lenders may assess your income, expenses and borrowing capacity.
Please don't assume a decline, or a lower borrowing limit, from one lender means every lender will give you the same answer.
Different lenders can assess things differently, which is why understanding your options before applying can be valuable and that i the real value of using a mortgage broker
Property Spotlight
Kingsbury - Victoria
A $530k–$580k Entry Point in Kingsbury
For first home buyers looking to get into Melbourne's inner north without stretching towards the $700k+ price bracket, this Kingsbury townhouse is worth a look.
2/18 Highland Street, Kingsbury is a two bedroom, two bathroom townhouse with a single garage and approximately 91m² of land, currently listed for $530,000–$580,000.
It's close to La Trobe University, Plenty Road trams, shops, cafés, parklands and public transport, giving it appeal for both owner occupiers and investors.
Here is what the numbers could look like…
Approximate numbers for general information only, this is not financial advice and individual circumstances will vary.
We will base this as a First Home Buyer on an Australian Government 5% Deposit Scheme
Assume a Sale @ $580,000
A Deposit @ 5% = $29,000
Stamp Duty & Government Fees @ $1,591 including the Victorian Government First Home Buyer Stamp Duty Exemption
Conveyancing & Building Pest Inspection @ $3000
Funds Required $33,591
Monthly Repayments @ $3411
Based on 6.3% Interest Rate, 30 years, Principal & Interest
Suburb Spotlight
Kingsbury, VIC 3083
Kingsbury, located 13km from Melbourne CBD, is a small suburb (1.3 sq km, ~26.5% parkland) with a population of around 3,500 which is down 8.5% since 2016. The area skews toward younger residents (20–29 age group) and childless couples, with an even split of owner occupiers (54%) and renters (46%), and an average ownership length of 17 years.
Houses
Median value: $924,734 (993 total dwellings)
Median sale price (past 12 months): $863,250 (range: $820K–$940K)
29 new listings over the past year; 5 currently on the market
Units
Median value: $572,861 (522 total dwellings)
Median sale price (past 12 months): $590,000 (range: $376K–$700K)
37 new listings over the past year; 5 currently on the market
Rental Trends
House rents have climbed steadily to around $550/week, with gross yields near 3.2–3.4%
Unit rents sit around $475–480/week, with yields around 4.75%
Recent Activity
A handful of houses and units have changed hands recently, with 3 bedroom houses selling in the high $800Ks–$900K range and 2 bedroom units around $430K–$520K.
Property data supplied by Cotality. Figures current as at 6 September 2026 and provided for general information only, not personal financial or property advice. If you would like your own free property report, please email me below.
Request a Free Property Report
Lets Talk Property
Whether you're buying your first home, refinancing, investing or just looking for some guidance, I'm always happy to have a conversation.
No pressure. No obligation. Just honest advice to help you make informed property decisions.
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